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    Exam 3: Time Value of Money - Introduction
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    What Is the Future Value of $16
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What Is the Future Value of $16

Question 71

Question 71

Multiple Choice

What is the future value of $16.54 after two years if these funds can be invested to earn 5.5%,compounded annually?


A) $18.24
B) $18.36
C) $18.58
D) $18.50
E) $18.41

Correct Answer:

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